The Canadian PressApril 10, 2014 11:53
SAN JOSE, Calif. - Ebay and billionaire activist investor Carl Icahn have settled their proxy fight ahead of the company's annual meeting.
Icahn and eBay had been in an acrimonious tussle over PayPal, the e-commerce company's quickly growing mobile payment arm. Icahn, who owns about 2 per cent of eBay's shares, said repeatedly the company should spin off all or part of PayPal, while eBay has said the company is better as a whole. Icahn has also criticized the company's directors including CEO John Donahoe.